The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
German banks reduce their exposure in Greece According to Financial Times Deutschland German banks have reduced their exposure in Greece significantly in recent months. Citing Bundesbank statistics the paper claims German financial institutions held 10 bn at the beginning of this year down from 16 bn in April 2010. German banks reduced their exposure by 4bn, 2bn of Hypo Real Estate are no longer accounted for in these statistics because they are now in a specifically designated bad bank. The paper points out that the banks reduced their exposure despite an informal standstill agreement in which they pledged to keep their exposure constant. According to those statistics the French banks are still the most exposed on Greece with government bonds worth 11.2 bn.
According to Financial Times Deutschland German banks have reduced their exposure in Greece significantly in recent months. Citing Bundesbank statistics the paper claims German financial institutions held 10 bn at the beginning of this year down from 16 bn in April 2010. German banks reduced their exposure by 4bn, 2bn of Hypo Real Estate are no longer accounted for in these statistics because they are now in a specifically designated bad bank. The paper points out that the banks reduced their exposure despite an informal standstill agreement in which they pledged to keep their exposure constant. According to those statistics the French banks are still the most exposed on Greece with government bonds worth 11.2 bn.
Meanwhile, the boss of the Bundesbank spoke out against Schäuble's idea (in an op-ed which echoes the diary title in its main thesis):
by Oui - Mar 28 1 comment
by Oui - Apr 9
by Oui - Apr 12 4 comments
by Oui - Apr 8 22 comments
by Oui - Apr 2
by Oui - Apr 234 comments
by Frank Schnittger - Apr 206 comments
by Oui - Apr 171 comment
by Oui - Apr 17
by Cat - Apr 146 comments
by Cat - Apr 14
by Oui - Apr 124 comments
by Oui - Apr 10
by Oui - Apr 822 comments
by Cat - Apr 64 comments
by Oui - Apr 62 comments
by Oui - Apr 46 comments
by Oui - Apr 4
by Oui - Apr 3
by Oui - Apr 11 comment
by Oui - Mar 31
by Oui - Mar 304 comments
by Frank Schnittger - Mar 3012 comments